The urban body expects that housing projects will pick up in eastern side, especially towards T Narsipur road now that the outer ring road has some up that is not far away. These things will happen pretty soon.
You know right now developers have purchased vast amounts of land some time back and were waiting for development of layouts. It will happen now. The urban body has estimated that the south-western parts of the city will house 20 lakh population by 2036.
Once the remaining stretch of 800 meters is completed, the price will go up by another 10 per cent. Given that the layouts developed in the surroundings of ORR is within MUDA limits, properties, especially sites, are in demand. But for the ORR, the area would not have come into focus.
Unlike before, property prices in the eastern parts of the city are in demand now. The prices have appreciated by at least 20 per cent in a year. This is mainly due to accessibility factor
Did you know Tthe eastern loop of the ring road was delayed owing to problems in land acquisition. The entire stretch is now six laned at a cost of Rs 239.51 crore with funding from the Centre under JNNURM.
As part of the ORR project, 32.5 kms of the expressway was laid a decade back while the missing link of 9.33 kms is constructed now. This will improve the traffic situation in Mysore which is not really too much if you ask me.
MUDA commissioner S Palaiah has said that the 800 m stretch will be completed as soon as possible in the APMC yard in Bandipalya. Once this is done the connectivity will be seamless and everything will go well for them.
The Mysuru Urban Development Authority (MUDA) has built the six lane ORR while it has started work to build 800 meters stretch inside the APMC yard in Bandipalya, which will complete the loop of 41.5 kms which is pretty nice.
Not just that the building of the outer ring road have increased the limits of the city which has now been extended to the easter side and people are flocking around here to buy plots and buid houses and apartments.
You kmow the government ony started this work some two years ago and there were no real indication that the prices could increase by such levels but now it actually has. Now the areas near Sardar Vallabhai Nagar has become quite expensive.
Yes. The new outer ring road stretch that has come up in mysore which covers an area of about 9.33 kms has now increased the prices of real estate in and around the area. This is a really good sign.